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Coach 3rd-Quarter Net Rose 6.2% as Sales, Margins Improve

Coach Inc.'s (COH) fiscal third-quarter earnings rose 6.2% as the luxury handbag and accessories maker's sales edged out consensus estimates.The company's board approved increasing the annual dividend 13% to $1.35, starting with the dividend to be paid in July.Meanwhile, President and Executive Creative Director Reed Krakoff decided not to renew his contract, which expires in June 2014, in order to focus exclusively on his namesake brand. Coach said it is exploring strategic options for the Reed Krakoff brand, which may involve selling it to a group in which Mr. Krakoff would participate. The company has also launched a search for his successor.Shares surged 8.9% to $55.10 premarket as per-share earnings also topped views. The stock has fallen by the same percentage this year through Monday's close.Coach has posted increased profits for more than three years on the strength of its North American direct-to-consumer businesses, global expansion and the opening of men's stores in the U.S....

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  1. Coach Shares Plunge 16% on 4Q Miss

    Wall Street slammed Coach (NYSE:COH) on Wednesday, sending the handbag maker's stock plunging 16% after it disclosed a weaker-than-expected 1.5% rise in fourth-quart...

  2. Coach 2nd-Quarter Net Up 1.5% as North America Sales Shows Signs of Slowing

    Coach Inc.'s (COH) fiscal second-quarter earnings rose 1.5% as strong international sales helped mitigate slowing sales in North America.Shares dropped 12% to $53.50...

  3. Coach Shares Slump After Quarterly Earnings

    Luxury retailer Coach Inc. said Wednesday its fiscal second-quarter net profit rose to $352.8 million, or $1.23 a share, from $347.5 million, or $1.18 a share, from ...

  4. Companies sharpen job-cutting shears as sales slow

    Faced with weakening revenue, two of the largest U.S. companies warned on Tuesday that they would cut jobs to protect profits.DuPont Co said it planned to lay off ab...

  5. U.S. companies sharpen job-cutting shears as sales slow

    Faced with weakening revenue, two of the largest U.S. companies warned on Tuesday that they would cut jobs as a way of protecting their profits.DuPont Co said it pla...

  6. Companies Sharpen Job-Cutting Axe

    Faced with weakening revenue, two big companies warned on Tuesday that they would cut jobs as a way of protecting their profits.DuPont Co said it planned to lay off ...

  7. International Sales Push Coach's Net Up 3%

    Handbag designer Coach Inc. said Tuesday that its fiscal first-quarter profit rose to $221.4 million, or 77 cents a share, from $215 million, or 73 cents, a year ear...

  8. Coach Shares Tumble on 4Q Sales Miss, Analyst Downgrade

    Shares of designer handbag maker Coach (NYSE:COH) slumped nearly 17% on Tuesday as heavy promotions implemented during the period in an effort to lure people to its ...

  9. Coach Widens 3Q Profit, Lifts Dividend

    Handbag designer Coach (NYSE:COH) revealed on Tuesday a 21% increase in third-quarter profit on strong demand in the U.S. and China, leading the company to lift its ...

  10. Coach Jumps After CEO Says Business Trending Well

    Upscale handbag designer Coach Inc. shares rose 6.1% on Thursday, making the stock the biggest percentage gainer on the S&P 500, after Chief Executive Lew Frankfort ...

  11. Coach 2Q Net Rises 15% On Higher Sales; China Grows

    Coach Inc.'s (COH) fiscal second-quarter earnings rose 15%, with its leather merchandise seeing demand from a growing men's business and the retailer enjoying streng...

  12. Coach 2Q Beats Street on Worldwide Sales Growth

    Coach (NYSE:COH) revealed a 15% increase in second-quarter profit on Tuesday as holiday sales surged both domestically and abroad and its newer men’s business contin...

  1. Coach Declines Comment on Buyout Buzz

    Shares of Coach (NYSE:COH) jumped as much as 5% Wednesday morning on buyout buzz, but the luxury leather goods maker declined to comment on "speculation or rumors."E...

  2. Coach CEO to hand over reins in 2014, promises "seamless" change

    Coach Inc on Thursday said longtime Chief Executive Lew Frankfort will step down in January 2014 and be replaced by the executive who oversaw the upscale leather-goo...

  3. Coach CEO to Step Down in 2014

    Coach (NYSE:COH) revealed a leadership succession plan on Thursday that puts Victor Luis, who was appointed this week to chief commercial officer, as the handbag des...

  4. Coach Names Victor Luis President; to Become CEO in 2014

    Coach Inc. (COH) unveiled its succession plan for Chairman and Chief Executive Lew Frankfort amid broader restructuring efforts to become known for more than just ha...

  5. Coach Names Luis President, Commercial Chief; to Become CEO in 2014

    Coach Inc. (COH) unveiled its succession plan for Chairman and Chief Executive Lew Frankfort by naming Victor Luis president and chief commercial officer and said Mr...

  6. A Weakening Yen Weighs on U.S. Earnings

    As the Bank of Japan continues to expand quantitative easing, Wolfgang Koester warns that holders of     U.S. equities will soon start feeling the effect of the weak...

  7. Correction to Coach Earnings Update

    "UPDATE: Coach North American Sales Weaken As It Protects Brand," at 12:13 p.m. EST, incorrectly identified Coach's chief executive by his first name on subsequent r...

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